Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here’s an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.
At Infobrokers, we evaluate Forex brokers to help traders make informed, confident decisions and avoid unreliable or unsafe options. We use a professional and detailed approach, focusing on key factors such as regulation and safety, trading costs, ease of use, platform features for all experience levels, and real trader feedback collected over 15 years.
We’ve outlined every step of our evaluation in detail on our Methodology Page. Our process is transparent, data-driven, and built on years of expertise, combined with real trader insights, ensuring you can trust our recommendations.
Our goal is to guide traders toward brokers that are safe, reliable, and suited to their needs, whether they are beginners or experienced professionals in the US
Forex trading carries high risks, with potential losses including your entire deposit. Market fluctuations, economic instability, and geopolitical factors impact outcomes. Studies show that 70-80% of traders lose money. Consult a financial advisor before trading.
Comparison of leading Forex brokers in the US
The minimum deposit, EUR/USD spread, eligibility for residents of the US, and the number of available currency pairs are key factors to consider when choosing a broker.
- The minimum deposit shows how affordable it is to start trading.
- The EUR/USD spread highlights trading costs—lower spreads mean you save more.
- Eligibility for residents of the US ensures you can legally access the broker’s services.
- The number of currency pairs reveals the variety of trading options available.
Together, these factors help you determine if a broker is safe, cost-effective, and aligned with your trading needs.
| Min deposit | $0,00 | $0,00 | $0,00 | $0,00 | $100,00 |
|---|---|---|---|---|---|
| Average Spread EUR/USD | 0.6 Pips | 0.6 Pips | 0.6 Pips | 0.6 Pips | 0.6 Pips |
| Currency pairs | 69 | 71 | 49 | 58 | 63 |
Trading fees and commissions of top brokers in the US
We compared both trading and non-trading fees of the top brokers in the US. This comparison highlights the following:
These include average spreads in pips for popular currency pairs like EUR/USD and GBP/USD, based on both Standard and ECN account types with floating spreads.
These cover deposit and withdrawal fees (percentage-based), along with inactivity fees.
By analyzing these parameters, we aim to provide a transparent overview of the cost-effectiveness of brokers in the US.
Trading fees
| Average Spread EUR/USD | 1.2 Pips | 1.6 Pips | 1.6 Pips | 1.3 Pips | 1.6 Pips |
|---|
Non-trading fees
| Deposit fee | 0 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| Withdrawal fee | 0 | 0 | 0 | 0 | 0 |
Security and regulation of top brokers in the US
When choosing a Forex broker in the US, regulation ensures your funds are safe. Tier-1 regulation is the most reliable, with strict rules on transparency and client protection. Tier-2 regulation is solid but less strict, offering a reasonable level of oversight. Tier-3 regulation and unregulated brokers are riskier, with minimal or no monitoring, which can put your money at risk.
The data below shows the regulatory level of brokers available in the US, helping you make a safe and informed choice.
| Regulation and safety | 4.9 | 4.8 | 4.8 | 4.8 | 4.7 |
|---|---|---|---|---|---|
| Regulation | — | FSCA (ZA) | FSCA (ZA), BAFIN (DE), NFA (US), ASIC (AU), FINMA (CH), MAS (SG), DFSA (AE) | FSCA (ZA), CBI (IE), ADGM (AE), ASIC (AU) | FSCA (ZA) |
| Negative balance protection | No | Yes | Yes | Yes | Yes |
Top 3 brokers for beginners in the US
This comparison highlights the best brokers in the US for new traders based on the following criteria:
- Education Score: Assesses the quality of educational materials, such as tutorials and guides.
- Cent Accounts: Allow traders to start with minimal capital ($1–$10), enabling them to learn market dynamics with limited financial risk.
- Demo Accounts: Provide risk-free environments for practicing trading strategies.
- Copy Trading: Enables new traders to learn by replicating the trades of experienced traders.
- PAMM Accounts: Offer opportunities for passive investment.
These features help ensure a smooth start and effective learning experience for beginners in the US.
| Education score | 4.9 | 4.8 | 4.8 | 4.8 | 4.7 |
|---|---|---|---|---|---|
| Copy trading | No | Yes | Yes | Yes | Yes |
| PAMM | No | Yes | Yes | No | No |
| Mobile trading | Yes | Yes | Yes | Yes | Yes |
Is Forex regulated in the US?
The Forex market in the United States is one of the most strictly regulated in the world. The primary regulators are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). All Forex brokers operating within the U.S. jurisdiction are required to obtain CFTC licenses and be registered members of the NFA. Violation of the rules can result in large fines and license revocation. Trading through unregulated platforms in the U.S. is illegal.
Forex investor protection in the United States
The U.S. provides one of the highest levels of protection for traders. Brokers are required to maintain a minimum capital of $20 million to ensure the stability of operations and to segregate client funds from their own assets. The NFA requires complete transparency of operations and conducts regular audits. In cases of dispute, investors can utilize the NFA’s arbitration system to resolve conflicts. The CFTC monitors all transactions and takes action against illegal activities.
Forex taxation in the United States
Income from Forex trading in the United States is subject to taxation depending on the nature of the profit. Short-term profits (held for less than 12 months) are considered ordinary income and are taxed at rates ranging from 10% to 37%, depending on the taxpayer’s income bracket. Long-term profits (held for more than 12 months) are considered capital gains and are taxed at rates up to 20%. The U.S. tax system requires detailed records of all transactions and income, and traders are required to file returns using the appropriate IRS forms.
How to choose a Forex broker in the US
For beginners, it’s essential to start with a strong foundation in Forex trading basics. Focus on understanding trading psychology, how leverage impacts risk, and the importance of lot sizes and risk management strategies.
Once you’ve built your knowledge, follow these practical steps to begin trading Forex in the US:
Ensure the broker is regulated by a Tier-1 or Tier-2 regulatory authority or holds a valid license in the US. Regulation helps guarantee fund safety and compliance with industry standards.
Seek brokers offering low spreads, transparent fees, and competitive commission structures for the US clients to minimize trading costs.
Choose brokers offering advanced platforms such as MT4, MT5, or TradingView for efficient trading and analysis.
Select a broker that offers account types suited to your needs, such as Cent and Demo accounts for beginners and ECN accounts for experienced traders.
Ensure the broker provides fast, affordable, and reliable deposit and withdrawal methods in the US.
Choose brokers that offer responsive, multilingual support 24/7 to ensure prompt and effective issue resolution.
Top 3 biggest forex brokers in the United States
The United States is home to some of the largest Forex brokers globally, known for their robust trading volumes, strict regulation, and advanced platforms. These brokers are regulated by the Commodity Futures Trading Commission (CFTC) and are members of the National Futures Association (NFA), ensuring the highest level of security and transparency. Here are the top 3 biggest Forex brokers in the U.S.:
| Overall score | 4.3 | 4.2 | 4.2 | 4 | 4 |
|---|---|---|---|---|---|
| CFTC regulation | No | No | No | No | No |
| NFA regulation | No | Yes | Yes | No | Yes |
| SEC regulation | No | No | No | No | No |
Expert advice for traders in the US
